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As it happenedended

Davos 2018: Donald Trump booed over 'fake news' comments as global summit draws to a close - as it happened

Delegates also debated cyber warfare, human rights and the merits of guaranteed basic incomes

Boos from the crowd as Donald Trump makes jibe at the press at the World Economic Forum in Davos

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Donald Trump has made his first speech at the World Economic Forum in Davos today, bringing his "America First" message to political and business leaders from across the globe.

The US President has preached a doctrine of trade that is "fair" to his country, pulling out of the Trans-Pacific Partnership and pushing for new deals on trips abroad.

Mr Trump landed in Davos on Thursday and met with leaders including Theresa May, following a week of warnings by top European figures on the dangers of isolationism and nationalism. He flew back to the US after his Friday speech.

That's a wrap, folks! Thanks for reading, and joining us on this wild ride through the final day of Davos.

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Delegates also debated cyber warfare, human rights and the merits of guaranteed basic incomes. A panel has already heard today that depression must be "destigmatised" to counter a problem that affects 320 million people worldwide.

Unsurprisingly, delegates at Davos are eager to hear Donald Trump's speech. People are claiming their seats 90 minutes before he takes to the stage.

Chris Baynes26 January 2018 12:15

Asked about Tory rifts on Europe, Chancellor Philip Hammond told Sky News: "There are people on both sides of this argument who do not support us in our intention to deliver the Brexit that the British people have mandated in a pragmatic way that protects British businesses and British jobs.

"There are people that wanted to stay in the EU customs union, we reject that argument.

"There are people that want us to sever our trade links with Europe and give up this market, we reject their arguments too.

"We have got to stick to the middle way, which is negotiating the maximum access we can get to European markets compatible with the red lines we have already set out about repatriating control over our laws, our borders and our money."

Ashley Cowburn26 January 2018 12:24

 A top European Central Bank (ECB) executive has warned attempts to target exchange rates risk setting off a "currency war". 

ECB board member Benoit Coeure's comments come after US Treasury Secretary Steve Mnuchin surprised and concerned central banks by endorsing a weaker dollar.

"We live in a world where exchange rates are not and should not be targeted for competitive purposes," Mr Coeure told a panel at Davos.

Mr Mnuchin was yesterday slapped down by the ECB's President, Mario Draghi, for saying a weaker dollar was "good" for the US "as it relates to trade and opportunities".

His comments led to a fall in the value of the dollar.

Chris Baynes26 January 2018 12:36
Ashley Cowburn26 January 2018 12:37

Ashley Cowburn26 January 2018 12:47

Amnesty International UK's head of policy and government affairs, Allan Hogarth, said: "Donald Trump says he doesn't care about protests when he visits the UK, but he should and he should listen to what his critics have to say.

"Because many of these protesters will be voicing their deep dismay over President Trump's intensely worrying roll-back of human rights - including the discriminatory travel ban, his reckless announcement on Jerusalem, and disturbing policies on refugees, women's rights and climate change.

"Since moving into the White House, Mr Trump has shown an impatience bordering on intolerance toward peaceful protests, the media and even the democratic process itself - so when it finally happens, his visit to Britain will also be an important opportunity to underline the importance of free speech and the right to protest." 

Ashley Cowburn26 January 2018 12:52

The first excerpts from Donald Trump's speech have been released by the White House.

The President will say "there has never been a better time to hire, to build, to invest and to grow in the United States".

"America is open for business and we are competitive once again," he will add.

Chris Baynes26 January 2018 12:55

More excerpts...

Mr Trump plans to say in his Davos address: "America is open for business and we are competitive once again." 

The White House is releasing excerpts of Trump's prepared remarks in advance of his speech to the World Economic Forum Friday. 

Trump plans to say there "has never been a better time to hire, to build, to invest and to grow in the United States." 

He will say that "when the United States grows, so does the world." 

Before a global audience, Trump will argue that "America First does not mean America alone." 

But he will pledge to "enforce our trade laws and restore integrity to the trading system" to "create a system that works not just for the United States but for all nations." 

Jon Sharman26 January 2018 13:03

Klaus Schwab, the founder and executive chairman of the World Economic Forum, is introducing Mr Trump.

Jon Sharman26 January 2018 13:05

Mr Trump's "personal leadership is absolutely essential", says Mr Schwab.

"Your strong leadership is open to misconceptions and biased interpretations", he tells the US President.

Jon Sharman26 January 2018 13:07

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